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Livermore
Livermore
ZHEN

Payden & Rygel

SEC CIK
0000919219
Latest filing
Jul 31, 2026

The latest 13F from Payden & Rygel covers Q2 2026 (filed Jul 31, 2026): 131 long positions worth $1.30B. The top 10 holdings make up 29.0% of the portfolio, and the largest is SPDR Gold Trust (GLD) at 3.7%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
28
Est. +$52.8M
Added
53
Est. +$134.3M
Reduced
12
Est. −$77.0M
Sold out
10
Est. −$188.5M

Top 5 holdings

Share of this quarter's portfolio value

  1. GLDSPDR Gold Trust
    3.7%$48.3MHistory
  2. AAPLApple Inc.
    3.1%$40.0MHistory
  3. JPMJPMorgan Chase & Co
    3.1%$39.8MHistory
  4. VanEck ETF Trust92189H300
    3.0%$39.6M
  5. AMZNAmazon Com Inc
    3.0%$39.1MHistory

Share of portfolio

Top 5 holdings and the other 126 positions, by share of portfolio value

  1. GLD3.7%
  2. AAPL3.1%
  3. JPM3.1%
  4. VanEck ETF Trust3.0%
  5. AMZN3.0%
  6. Other 126 positions84.1%

Biggest buys

New and added positions, by estimated amount bought

  1. AAPLApple Inc.
    +$29.4MAddedHistory
  2. VTRVentas, Inc.
    +$13.7MNewHistory
  3. AJGArthur J. Gallagher & Co.
    +$13.5MNewHistory
  4. MSFTMicrosoft Corp
    +$10.6MAddedHistory
  5. HPEHewlett Packard Enterprise Co
    +$10.6MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AAPLApple Inc.
    +2.34 pp0.7% → 3.1%History
  2. VTRVentas, Inc.
    +1.05 pp0.0% → 1.1%History
  3. AJGArthur J. Gallagher & Co.
    +1.03 pp0.0% → 1.0%History
  4. CSCOCisco Systems, Inc.
    +0.86 pp1.7% → 2.6%History
  5. AMZNAmazon Com Inc
    +0.82 pp2.2% → 3.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Tr464288281
    −$86.2MSold out
  2. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −$37.9MSold out
  3. VanEck ETF Trust92189H300
    −$19.0MReduced
  4. CTVACorteva, Inc.
    −$15.8MSold outHistory
  5. GOOGLAlphabet Inc.
    −$15.0MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Tr464288281
    −6.71 pp6.7% → 0.0%
  2. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    −2.95 pp2.9% → 0.0%
  3. VanEck ETF Trust92189H300
    −1.44 pp4.5% → 3.0%
  4. TMUST-Mobile US, Inc.
    −1.33 pp1.3% → <0.1%History
  5. CTVACorteva, Inc.
    −1.23 pp1.2% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.30B
+$17.9M (+1.4%) vs. prior quarter
Positions
131
+18 vs. prior quarter
Top 10 concentration
29.0%
Top 10 as share of value
Turnover
14.5%
Q2 2026, one quarter
Average holding period
13.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.16B (Q4 2021)

Q1 2021: $2.15BQ2 2021: $2.10BQ3 2021: $1.93BQ4 2021: $2.16BQ1 2022: $1.98BQ2 2022: $1.66BQ3 2022: $1.71BQ4 2022: $1.88BQ1 2023: $1.69BQ2 2023: $1.42BQ3 2023: $1.27BQ4 2023: $1.38BQ1 2024: $1.47BQ2 2024: $1.24BQ3 2024: $1.30BQ4 2024: $1.16BQ1 2025: $1.16BQ2 2025: $1.21BQ3 2025: $1.19BQ4 2025: $1.44BQ1 2026: $1.28BQ2 2026: $1.30B
Q1 2021Q2 2026
13F filings of Payden & Rygel by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 2026131$1.30BGLDAAPLJPMvs. Q1 2026SEC
Q1 2026May 12, 2026113$1.28BiShares TrVanEck ETF TrustGLDvs. Q4 2025SEC
Q4 2025Feb 6, 2026114$1.44BGLDMiShares TrVanEck ETF Trustvs. Q3 2025SEC
Q3 2025Nov 10, 2025112$1.19BInvesco Nasdaq 100 ETFJPMGOOGLvs. Q2 2025SEC
Q2 2025Aug 7, 2025113$1.21BInvesco Nasdaq 100 ETFJPMDUKvs. Q1 2025SEC
Q1 2025May 15, 2025125$1.16BInvesco Nasdaq 100 ETFJPMDUKvs. Q4 2024SEC
Q4 2024Feb 13, 2025124$1.16BInvesco Nasdaq 100 ETFJPMMSFTvs. Q3 2024SEC
Q3 2024Nov 8, 2024122$1.30BiShares Iboxx $ Investment Grade Corporate Bond ETFInvesco Nasdaq 100 ETFJPMvs. Q2 2024SEC
Q2 2024Oct 7, 2024122$1.24BAJGJPMInvesco Nasdaq 100 ETFvs. Q1 2024SEC
Q1 2024Oct 8, 2024132$1.47BJPMWMTXOMvs. Q4 2023SEC
Q4 2023Feb 13, 2024134$1.38BJPMMSFTMSvs. Q3 2023SEC
Q3 2023Oct 7, 2024133$1.27BAJGMSFTXOMvs. Q2 2023SEC
Q2 2023Aug 10, 2023131$1.42BXOMAJGUNHvs. Q1 2023SEC
Q1 2023May 10, 2023122$1.69BAJGMCDNEEvs. Q4 2022SEC
Q4 2022Feb 13, 2023136$1.88BUNHAJGLLYvs. Q3 2022SEC
Q3 2022Nov 10, 2022136$1.71BLLYUNHCVSvs. Q2 2022SEC
Q2 2022Aug 12, 2022138$1.66BLLYUNHPFEvs. Q1 2022SEC
Q1 2022Apr 13, 2022128$1.98BiShares Iboxx $ Investment Grade Corporate Bond ETFMSFTAVGOvs. Q4 2021SEC
Q4 2021Feb 11, 2022126$2.16BCVSMSFTABBVvs. Q3 2021SEC
Q3 2021Nov 15, 2021127$1.93BCMCSAJPMGSvs. Q2 2021SEC
Q2 2021Aug 6, 2021126$2.10BGSMSCMCSAvs. Q1 2021SEC
Q1 2021May 13, 2021120$2.15BJPMGSMS–SEC